Craig Hallum Begins Coverage on Bel Fuse (NASDAQ:BELFB)

Craig Hallum began coverage on shares of Bel Fuse (NASDAQ:BELFB - Get Free Report) in a note issued to investors on Tuesday, Marketbeat.com reports. The brokerage set a "buy" rating and a $115.00 price target on the electronics maker's stock. Craig Hallum's price objective would suggest a potential upside of 54.99% from the stock's current price.

BELFB has been the topic of a number of other research reports. Oppenheimer began coverage on Bel Fuse in a research report on Tuesday, December 17th. They issued an "outperform" rating and a $105.00 price target on the stock. StockNews.com lowered Bel Fuse from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Needham & Company LLC upped their target price on Bel Fuse from $95.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Bel Fuse has a consensus rating of "Buy" and a consensus target price of $103.75.

Bel Fuse Price Performance

BELFB traded down $3.10 on Tuesday, reaching $74.20. The stock had a trading volume of 92,954 shares, compared to its average volume of 78,789. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $930.39 million, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12. Bel Fuse has a fifty-two week low of $53.74 and a fifty-two week high of $92.61. The firm has a 50-day moving average of $80.13 and a 200-day moving average of $79.88.

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Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($1.10). Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. The firm had revenue of $149.86 million during the quarter, compared to analyst estimates of $126.41 million. During the same period in the prior year, the company earned $1.29 EPS. As a group, sell-side analysts anticipate that Bel Fuse will post 4.63 EPS for the current year.

Hedge Funds Weigh In On Bel Fuse

A number of institutional investors and hedge funds have recently modified their holdings of the business. Brown Advisory Inc. acquired a new stake in shares of Bel Fuse in the 4th quarter valued at about $11,807,000. Janus Henderson Group PLC boosted its holdings in Bel Fuse by 55.4% in the fourth quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker's stock worth $32,821,000 after acquiring an additional 141,951 shares in the last quarter. Portolan Capital Management LLC grew its stake in Bel Fuse by 72.5% in the fourth quarter. Portolan Capital Management LLC now owns 208,470 shares of the electronics maker's stock valued at $17,193,000 after acquiring an additional 87,612 shares during the period. Potrero Capital Research LLC increased its holdings in shares of Bel Fuse by 107.1% during the fourth quarter. Potrero Capital Research LLC now owns 145,986 shares of the electronics maker's stock valued at $12,039,000 after acquiring an additional 75,483 shares in the last quarter. Finally, Advisory Research Inc. raised its position in shares of Bel Fuse by 27.4% during the fourth quarter. Advisory Research Inc. now owns 313,446 shares of the electronics maker's stock worth $25,850,000 after purchasing an additional 67,460 shares during the period. 58.39% of the stock is currently owned by institutional investors.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.